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favorable Hongkong early in 2007

Hongkong Financial Secretary Ceng Junhua twenty-four, in Pittsburgh, said in an interview with reporters, if the RMB to become reserve currency, the currency in Hongkong has great support role.(the picture is the picture) posted in Sun Yuting was in new network on 28 September,abercrombie france, according to the Ministry of finance of the people's Republic of China after the announcement, the central government will today in Hongkong to issue 6000000000 yuan of Treasury bonds,abercrombie.
This is the first Chinese national debt issued outside the mainland, but also for the first time outside the mainland to issue renminbi-denominated sovereign bonds, which are thought to have the sense of milepost type.
Significance, favorable Hongkong early in 2007, the central government to agree to the renminbi business in Hongkong to further expand the mainland financial institutions to issue RMB bonds in Hong kong.
As of now,abercrombie france, the Bank of China, the national import and export bank, CDB, nearly 10 institutions issued 30000000000 yuan RMB financial bonds,.The issuance of treasury bonds, to Hongkong as the RMB offshore center has milepost sense.
The Central Government Ministry of Finance in 9 early announcement says, in Hongkong yuan bonds reflects the central government of Hongkong economic and social prosperity and development support,doudoune moncler, strengthen Hongkong's position as an international financial centre, the steady expansion of the scale of Hongkong RMB bond market; but also facilitates the process of RMB regionalization, will promote Hongkong offshore RMB business development,moncler, raising the international role of the renminbi,abercrombie france.
The Hongkong SAR Government Financial Secretary Ceng Junhua refers to this as the "RMB business development an important milepost",abercrombie.Ceng Junhua thinks, the central government to issue bonds to Hongkong SAR RMB business is an important milepost.
As for the bond business, has great significance, even after the consolidation of Hongkong as an international financial center has great significance.The Hongkong SAR government spokesman said, which fully reflect central of Hongkong as an international financial center and further development of RMB business support,piumini moncler, will also strengthen financial cooperation between the mainland and Hongkong,.
The retail portion of the debt will be not less than 2000000000 yuan in September 17th the Ministry was held in Hongkong yuan treasury bonds will promote to the part,abercrombie paris, placing banks and investors to introduce yuan treasury bonds and the circumstances and arrangements.
The Renminbi issue scale of national debt of 6000000000 yuan, is divided into 3 periods,abercrombie, including 2 year bonds mainly for individual investors,abercrombie paris, 5 year bonds mainly for institutional investors, 3 year bonds as subscription in institutional and individual investors between placing,moncler sito ufficiale.
The retail portion will be not less than 2000000000 yuan,abercrombie and fitch.Recommend on the meeting,air jordan pas cher, the underwriting bank on behalf of the issuance of RMB bonds carried out a demonstration conditions.The yuan treasury bonds will be used more streamlined sales process, in order to facilitate the investors to buy yuan bonds.
Investors can counter, Internet banking and telephone banking channels and three subscription,abercrombie, the subscription process easier,air jordan, expected time will be much shorter.This time in Hongkong to issue yuan bonds by the Bank of China (Hongkong) Limited and the Bank of communications Hongkong branch served as joint lead bank and deposit bank, Hongkong and Shanghai Banking Corporation Limited and other large banks will participate in the RMB bonds for sale.
In Hongkong, national debt "stone three birds" economist analysis, in Hongkong hair national debt is "stone three birds" benefits, to promote the development of Hongkong offshore RMB financial center,abercrombie france, to promote the internationalization of RMB, boost the economy of the mainland have a positive effect,.
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